Buying up last week or so, ticks alot of boxes imo....
Acquisition of exploration leases in very well known and producing coking and thermal coal basin with access to infrastructure.
Placement to fund exploration well supported by directors and sub holders buying.
Cashed up and selling non core assets
Trading at premium to placement with likely accumulation of easy placement stock going on at these levels before exploration kicks off.
Vendor shares are voluntarily escrowed
Vendor and broker option ex price is well above placement price and recently traded prices
Vendor payments linked to NRL success via JORC
Leverage to strong coal prices and exploration success
See
http://www.asx.com.au/asxpdf/20100817/pdf/31ry0wj3f44zlw.pdf
Only negative is its not in Mongolia....
- Forums
- ASX - By Stock
- holding well
Buying up last week or so, ticks alot of boxes...
Currently unlisted. Proposed listing date: 16 DECEMBER 2022 12:00 PM AEDT##
-
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla